The price of almost all investments experience bubbles every now and again, it's basically just how to get to the right price, and despite bubbles looking the same each and every time, people still prop them up unquestioningly because despite all the investment theory, a great many people are absolutely lead by emotions.
Just look at all the pictures of traders with their faces in their hands every time we get a recession, it's a total cliché now but it's simply human nature.
>>1023189 An irrational reason, or a wrong reason, are still reasons.
Like the housing bubble. Sure it was a bubble, but there was a reason for it; big daddy government decided everyone should have a house, forced (?) some lenders to front the money and then the lender sold the risk on with some help from some ratings agencies and whatever, and so forth.
There's usually a reason for irrational demand, even if it's a stupid one.
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